US Equities Market Maker Specification. Version 1.2.2
|
|
- Howard Tucker
- 6 years ago
- Views:
Transcription
1 US Equities Market Maker Specification Version October 17, 2017
2 Contents 1 Cboe Market Maker Registration Tool Cboe Customer Web Portal File Format Market Maker Peg Orders Reference Price Automated Quote Updates Market Maker Peg Order Specifications Support... 8 All Rights Reserved Page 2
3 1 Cboe Market Maker Registration Tool Cboe, through its Customer Web Portal Market Maker Registration Tool, offers Registered Market Makers the ability to register symbols in which they wish to make a market. The Web Portal is accessed through the public website at Registration files must be uploaded prior to 9AM ET on the business day of the trading date they will be actively quoted on Cboe. 1.1 Cboe Customer Web Portal Web Portal account administrators at Member firms can request logins for their firm personnel from the Cboe Trade Desk. After logging into their Web Portal account, users with appropriate access will be able to select the appropriate Market Maker link under Cboe Exchange Tools in the left menu of their account page. The screen that follows allows Market Makers to view the current list of symbols they have registered in for the current and next trading session. Through this interface, Market Makers may also upload the list of symbols they wish to be registered in for the next trading session. Example syntax required for file uploaded is shown at the bottom of the active screen. Once a symbol has been ADDED, the Member will remain registered as a market maker in that symbol until a registration file is uploaded noting the symbol is to be REMOVED. All files uploaded after 9:00AM ET will be processed and changes will be effective next day. Cboe does not automatically adjust any registrations due to corporate actions. All Rights Reserved Page 3
4 1.2 File Format Each line of the registered securities upload file represents a rule containing a comma separated list of fields. The fields are defined as follows: symbol,action symbol The symbol, such as MSFT. action The action is one of the following two values: 1. ADDED: Add symbol to list of symbols for which you will be a market maker. 2. REMOVED: Remove symbol from list of symbols for which you will be a market maker. All Rights Reserved Page 4
5 2 Market Maker Peg Orders To support Market Makers with their quoting obligations for registered securities, Cboe has created a Market Maker Peg order type. This order type essentially functions as a visible Peg order that will allow for quoting at an offset to a defined Reference Price as described below. 2.1 Reference Price The Reference Price for a Market Maker Peg order will be the NBB for bids or NBO for offers; if there is no NBB or NBO, the Last Sale is used as the Reference Price. Note that in the absence of a Last Sale for the current trading day, the Market Maker Peg will wait to enter a quotation on that side until an execution occurs on the primary listing exchange. The quote will be entered at a specified distance (the Designated Percentage ) away from the Reference Price as follows: Limit Up-Limit Down Tier Time Period Designated Percentage Tier 1 9:45AM 3:35PM ET 8% Tier 1 9:30AM 9:45AM, 3:35PM 4:00PM ET 20% Tier 2 9:30AM 4:00PM ET 28% 2.2 Automated Quote Updates Once the Market Maker Peg order has published a quote for a given security, the quote will not be refreshed until it falls outside of a band around its entered price. The band is presently defined to be 1% on the inside and 1.5% on the outside (these percentages are relative to the Reference Price): A Market Maker Peg Bid in a Tier 1 NMS Stock under the Limit Up-Limit Down Plan will be automatically updated during the 9:45AM 3:35PM ET trading period if it falls outside of the range (NBB x.905) to (NBB x.93). A Market Maker Peg Bid in a Tier 1 NMS Stock under the Limit Up-Limit Down Plan will be automatically updated during all other trading periods if it falls outside of the range (NBB x.785) to (NBB x.81). A Market Maker Peg Bid in a Tier 2 NMS Stock under the Limit Up-Limit Down Plan will be automatically updated during the 9:30AM 4:00PM ET trading period if it falls outside of the range (NBB x.705) to (NBB x.73). A Market Maker Peg Offer in a Tier 1 NMS Stock under the Limit Up-Limit Down Plan will be automatically updated during the 9:45AM 3:35PM ET trading period if it falls outside of the range (NBO x 1.07) to (NBO x 1.095). All Rights Reserved Page 5
6 A Market Maker Peg Offer in a Tier 1 NMS Stock under the Limit Up-Limit Down Plan will be automatically updated during all other trading periods if it falls outside of the range (NBO x 1.19) to (NBO x 1.215). A Market Maker Peg Offer in a Tier 2 NMS Stock under the Limit Up-Limit Down Plan will be automatically updated during the 9:30AM 4:00PM ET trading period if it falls outside of the range (NBO x 1.27) to (NBO x 1.295). The following diagram and detailed example illustrate how price bands are used to determine when a quote refresh will occur. An NBBO update that causes an existing Market Maker Bid or Ask quote to fall outside of the price band results in a quote refresh as demonstrated in the diagram that follows. Example: Consider an NBBO at $10.00 X $10.01 in a Tier 1 NMS Stock under the Limit Up-Limit Down Plan (the Security ) at a time of 9:35AM ET. A Cboe Market Maker Peg is entered to buy for one round lot at $8.00 (10.00 x.8) (the Market Maker Bid ) and a Market Maker Peg is entered to sell for one round lot at $12.01 (10.01 x 1.2) (the Market Maker Offer ) in the Security. The price of the orders will be calculated using a Designated Percentage of 20%, as set forth above. Assume that the NBBO for the Security moves to $10.09 X $ The current Market Maker Bid of $8.00 will not be re-priced because it will remain between the price bounds of the NBB (Lower Bound: $10.09 x.785 = $7.921; Upper Bound: $10.09 x.81 = $8.173). The current Market Maker Offer of $12.01 will fall outside of the range of the price bounds of the NBO (Lower Bound: x 1.19 = $12.019; Upper Bound: x = $12.272), so the Market Maker Offer will be re-priced to $12.12 (10.10 x 1.2). All Rights Reserved Page 6
7 Assume that the NBBO moves back to $10.00 X $ The Market Maker Bid ($8.00) will remain within the price bounds of the new NBB (Lower Bound: x.785 = $7.85; Upper Bound: x.81 = $8.10) and, thus, the Market Maker Bid will not change. Similarly, the current Market Maker Offer of $12.12 will still fall within the price bounds of the NBO (Lower Bound: x 1.19 = $11.912; Upper Bound: x = $12.162) and, thus, the Market Maker Offer will not change. At 9:45AM ET, the Designated Percentage moves to 8% and the Cboe Market Maker Peg order will automatically re-price the Market Maker Bid to $9.20 (10.00 x.92) and the Market Maker Offer to $10.81 (10.01 x 1.08). Assume that the NBBO for the Security moves to $9.89 X $9.90. The existing Market Maker Bid of $9.20 will now fall outside the price bounds of the NBB (Lower Bound: 9.89 x.905 = $8.95; Upper Bound: 9.89 x.93 = $9.198), so the Market Maker Bid will be re-priced to $9.10 (9.89 x.92). As the current Market Maker Offer of $10.81 will remain within the bounds of the NBO (Lower Bound: 9.90 x 1.07 = $10.593; Upper Bound: 9.90 x = $10.841), the Market Maker Offer will not change. Assume that the NBBO now drops to $9.86 X $9.87. The Market Maker Bid of $9.10 will remain within the price bounds of the new NBB (Lower Bound: 9.86 x.905 = $8.923; Upper Bound: 9.86 x.93 = $9.17) and, thus, the Market Maker Bid will not change. The Market Maker Offer of $10.81, however, will now fall outside the price bounds associated with the new NBO (Lower Bound: 9.87 x 1.07 = $10.561; Upper Bound: 9.87 x = $10.808) and the Market Maker Offer will be re-priced to $10.65 (9.87 x 1.08). As the NBBO moves, the Designated Percentage of 8% will continue to be used to determine the lower and upper bounds until the end of the time period. Assume the NBBO is $10.00 X $10.01 at 3:35PM ET at which time the Designated Percentage of 20% goes back into effect. At this point, the Cboe Market Maker Peg order will automatically re-price the Market Maker Bid to $8.00 (10.00 x.8) and the Market Maker Offer to $12.01 (10.01 x 1.2). Note that all quote calculations will be rounded to the most aggressive displayable tick size. 2.3 Market Maker Peg Order Specifications For complete details regarding order entry settings required for Market Maker Peg orders, please refer to the appropriate Cboe US Equities Specification: Cboe US Equities FIX Specification Version 2 Cboe US Equities BOE Specification Version 2 All Rights Reserved Page 7
8 3 Support If you have any questions or would like to begin using Cboe Market Maker Registration Tool, please contact your account manager or the Cboe Trade Desk: Sales Phone: Cboe Trade Desk Phone: All Rights Reserved Page 8
9 Revision History Document Version Date Description /11/13 Initial Version replaces US Equities Market Maker Quoter Specification Version due to deprecation of Market Maker Quoter /19/16 Bats branding/logo changes /16/16 Removed all references to SSCB as Single Stock Circuit Breaker NMS Plan was replaced by the Limit Up-Limit Down NMS Plan. Additional Bats branding changes /05/17 Removed last reference to SSCB. Removed references to deprecated specifications /17/17 Cboe branding/logo changes. All Rights Reserved Page 9
Cboe Limit Up/Limit Down FAQ
Cboe Limit Up/Limit Down FAQ Last Updated October 17, 2017 What is Limit Up/Limit Down? On May 31, 2012 the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System
More informationUS Options Risk Management Specification
Risk Management Specification Version 1.4.2 January 17, 2018 Contents 1 Introduction... 3 1.1 Overview... 3 1.2 Risk Root... 3 1.3 Certification... 3 1.4 Risk Limit Types... 3 1.4.1 Limit Execution Details...
More informationUS Equities/Options Web Port Controls Specification
Web Port Controls Specification Version 1.3.4 December 6, 2017 Contents 1 Introduction... 4 1.1 Overview... 4 1.2 Customer Web Portal... 4 2 Port Controls... 5 2.1 Selecting the Client... 7 2.1.1 Direct...
More informationUS Options Risk Management Specification
Risk Management Specification Version 1.5.0 November 16, 2018 Contents 1 Introduction... 3 Overview... 3 Risk Limit Types... 3 1.2.1 Limit Execution Details... 5 1.2.2 Supported Order Types... 8 Risk Type
More informationUS Equities/Options Web Port Controls Specification
Web Port Controls Specification Version 1.3.6 March 23, 2018 Contents 1 Introduction... 3 1.1 Overview... 3 1.2 Customer Web Portal... 3 2 Port Controls... 4 2.1 Selecting the Client... 6 2.1.1 Direct...
More informationUS Equities Auction Process. Version 1.5.2
Auction Process Version 1.5.2 October 17, 2017 Contents 1 Introduction... 5 1.1 Overview... 5 1.2 Securities Eligible... 5 1.3 Time Zone... 5 1.4 Acronyms... 5 1.5 Definitions... 6 2 Cboe Auction Information...
More informationUS Equities/Options Sponsored Access Specification. Version
US Equities/Options Sponsored Access Specification Version 1.1.10 October 12, 2012 Contents 1 Introduction... 3 1.1 Overview... 3 1.2 Port Requests... 3 1.2.1 Prior To Certification Testing... 3 1.2.2
More informationRegulatory Notice 13-12
Regulatory Notice 13-12 Limit Up/Limit Down FINRA Adopts Amendments Relating to Regulation NMS Plan to Address Extraordinary Market Volatility Effective Date: April 8, 2013 Executive Summary On April 8,
More informationCboe Tick Size Pilot Program FAQ
Cboe Tick Size Pilot Program FAQ Last Updated October 17, 2017 What is the Tick Pilot? On May 6, 2015 the Securities and Exchange Commission ( SEC ) approved, on a pilot basis, a two-year program that
More informationComplex orders (Chapter 13)
Securities Trading: Principles and Procedures Complex orders (Chapter 13) 2018, Joel Hasbrouck, All rights reserved 1 Order types Basic orders: simple market and limit Qualified orders: IOC, FOK, AON,
More informationCboe Futures Exchange Risk Management Specification. Version 1.1.6
Risk Management Specification Version 1.1.6 March 1, 2018 Contents 1 Introduction... 3 1.1 Overview... 3 1.2 Certification... 3 1.3 Risk Controls Summary... 3 1.3.1 Risk Limits... 4 1.3.2 Kill Switch Control...
More informationNASDAQ CXC Limited. Trading Functionality Guide
NASDAQ CXC Limited Trading Functionality Guide CONTENTS 1 PURPOSE... 1 2 OVERVIEW... 2 3 TRADING OPERATIONS... 3 3.1 TRADING SESSIONS...3 3.1.1 Time...3 3.1.2 Opening...3 3.1.3 Close...3 3.2 ELIGIBLE SECURITIES...3
More informationUS Options Auction Process. Version 1.0.5
US Options Auction Process Version 1.0.5 October 17, 2017 Contents 1 Introduction... 4 1.1 Overview... 4 2 Cboe Options Auction Information... 4 3 Messaging... 4 3.1 Auction Notification Messages... 4
More informationConditional and complex orders
Conditional and complex orders Securities Trading: Principles and Procedures Chapter 12 Algorithms (Algos) Less complex More complex Qualified orders IOC, FOK, etc. Conditional orders Stop, pegged, discretionary,
More informationCHX ORDER TYPES PRIMER
CHX ORDER TYPES PRIMER The CHX Order Types Primer is informational and summarizes the order types and modifiers offered by the Exchange and the general operation of the Exchange s automated trading facility,
More informationJordan & Jordan s Execution Compliance and Surveillance Service
Surveillance Service www.jandj.com/ecs In this Brochure Jordan & Jordan s Surveillance Service Key Features of ECS The ECS Modules - Spoofing/layering - Marking the close - Wash Sales - Manipulating the
More informationNASDAQ CXC Limited. Trading Functionality Guide
NASDAQ CXC Limited Trading Functionality Guide CONTENTS 1 PURPOSE... 1 2 OVERVIEW... 2 3 TRADING OPERATIONS... 3 3.1 TRADING SESSIONS... 3 3.1.1 Time... 3 3.1.2 Opening... 3 3.1.3 Close... 3 3.2 ELIGIBLE
More informationNASDAQ CXC Limited. Trading Functionality Guide
NASDAQ CXC Limited Trading Functionality Guide CONTENTS 1 PURPOSE... 1 2 OVERVIEW... 2 3 TRADING OPERATIONS... 3 3.1 TRADING SESSIONS... 3 3.1.1 Time... 3 3.1.2 Opening... 3 3.1.3 Close... 3 3.2 ELIGIBLE
More informationJune 21, to the Securities and Exchange Commission the joint industry
Via Electronic Mail: rule-comments@sec.gov Elizabeth M. Murphy Secretary U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-1090 Re: --631 Dear Ms. Murphy: 1 appreciates the
More informationIEX FIX Certification Notes for Product Managers
IEX FIX Certification Notes for Product Managers Version: 1.01 Updated: October 3, 01 IEX Group, Inc. 7 World Trade Center 30th Floor New York, NY 10007 Copyright 01 IEX Group, Inc. All rights reserved.
More informationSTEALTH ORDERS. Page 1 of 12
v STEALTH ORDERS 1. Overview... 2 1.1 Disadvantages of stealth orders... 2 2. Stealth entries... 3 2.1 Creating and editing stealth entries... 3 2.2 Basic stealth entry details... 3 2.2.1 Immediate buy
More informationIEX ATS Subscriber Manual
IEX ATS Subscriber Manual Version: 2.5 Updated: July 13, 2015 Note: IEX plans to begin offering trading and routing during the Pre-Market and Post-Market Sessions in August. Trading and routing during
More informationSeptember 18, The UBS ATS has the following classes of participants:
EXHIBIT A Description of classes of subscribers and any differences in access to the services offered by UBS ATS to different groups or classes of subscribers. The UBS ATS has the following classes of
More informationUS Options Complex Book Process. Version 1.1.1
Complex Book Process Version 1.1.1 October 17, 2017 Contents 1 Overview... 4 2 Complex Order Basics... 5 2.1 Ratios... 5 2.2 Net Price... 5 2.3 Availability of Complex Order Functionality... 5 2.3.1 Eligible
More informationUSERGUIDE MT4+ STEALTH ORDERS
TABLE OF CONTENTS 1. INSTALLATION OF PAGE 03 2. ABOUT PAGE 06 3. STEALTH ENTRIES PAGE 07 4. STEALTH EXITS PAGE 11 5. SYMBOL EXITS PAGE 16 6. ACCOUNT EXITS PAGE 21 7. LOG PAGE 24 2 INSTALLATION OF In order
More informationCODA Markets, INC. CRD# SEC#
Exhibit A A description of classes of subscribers (for example, broker-dealer, institution, or retail). Also describe any differences in access to the services offered by the alternative trading system
More informationKIM ENG SECURITIES KEHK TRADE - INTERNET TRADING PLATFORM. User Manual (English Version) Jun 2013 Edition
KIM ENG SECURITIES KEHK TRADE - INTERNET TRADING PLATFORM User Manual (English Version) Jun 2013 Edition Chapter 1 Login To access our homepage, please key in www.kimeng.com.hk as the URL address 1) Enter
More informationCboe End-of-Day ETP Key Values Feed Specification. Version 1.0.1
Cboe End-of-Day ETP Key Values Feed Specification Version 1.0.1 October 17, 2017 Contents 1 Introduction... 3 2 Protocol... 4 2.1 Format... 4 2.2 Availability... 4 2.3 File Name... 4 3 File Layout and
More informationExhibit A. Institutions and broker-dealers that are clients of ITG Inc. ( ITG ) are eligible to execute in POSIT, including affiliates of ITG.
Exhibit A A description of classes of Subscribers (for example, broker-dealer, institution, or retail). Also describe any differences in access to the services offered by the alternative trading system
More informationDirected and Extended Hours Trading for Options User Agreement
Directed and Extended Hours Trading for Options User Agreement Important: By using Fidelity s directed and extended hours trading functionality for options on the Active Trader Platforms, I indicate my
More informationRULES OF THE CHICAGO STOCK EXCHANGE, INC. (Updated through January 8, 2018)
RULES OF THE CHICAGO STOCK EXCHANGE, INC. (Updated through January 8, 2018) Table of Contents ARTICLE 1. Definitions and General Information... 11 Rule 1. Definitions... 11 Rule 2. Order Types, Modifiers,
More informationUS Equities Last Sale Specification. Version 1.2.1
US Equities Last Sale Specification Version 1.2.1 October 17, 2017 Contents 1 Introduction... 3 1.1 Overview... 3 1.2 Data Types... 3 2 Protocol... 4 2.1 Message Format... 4 2.2 Sequence Numbers... 4 3
More informationDark Liquidity Guide Toronto Stock Exchange TSX Venture Exchange
Dark Liquidity Guide Toronto Stock Exchange TSX Venture Exchange Document Version: 1.3 Date of Issue: 2012/09/28 Table of Contents 1.1 Overview... 3 1.2 Purpose... 3 1.3 Glossary... 3 1.4 Dark order types
More informationDAILY TAQ CLIENT SPECIFICATION
DAILY TAQ CLIENT SPECIFICATION Version Date 3.0 November 2, 2017 Copyright 2017 Intercontinental Exchange, Inc. ALL RIGHTS RESERVED. INTERCONTINENTAL EXCHANGE, INC. AND ITS AFFILIATES WHICH INCLUDE THE
More informationOPERATIONAL GUIDE FOR IEX TRANSITION TO PRIMARY LISTING EXCHANGE
IEX Industry Call: IEX Listings OPERATIONAL GUIDE FOR IEX TRANSITION TO PRIMARY LISTING EXCHANGE Paul Bauccio, Head of Market Operations Adrian Facini, Head of Product September 12, 2017 2017 IEX Group,
More informationFEE SCHEDULE OF NYSE CHICAGO, INC.
Fee Schedule 2019 FEE SCHEDULE OF NYSE CHICAGO, INC. Updated through February 21, 2019 FEES, ASSESSMENTS, CREDITS AND REBATES A. Trading Permits Application Fee (Non-refundable) $2000/application Annual
More informationNYSE Arca, Inc. Application to Become a Lead Market Maker* for a symbol in the NYSE Arca ETP Incentive Program
NYSE Arca, Inc. Application to Become a Lead Market Maker* for a symbol in the NYSE Arca ETP Incentive Program *Must be an existing Lead Market Maker ETP in order to submit this application LIST OF SECURITIES
More informationThe Nasdaq Options Market System Settings
The Nasdaq Options Market System Settings Hours of Operation 7:30 a.m. ET System begins accepting orders. 9:25 a.m. ET System begins disseminating imbalance and price information for the opening auction.
More informationIntroduction to Client Online
Introduction to Client Online Trade Finance Guide TradeFinanceNewClientsV2Sept15 Contents Introduction 3 Welcome to your introduction to Client Online 3 If you have any questions 3 Logging In 4 Welcome
More informationTHE BX OPTIONS MARKET SYSTEM SETTINGS
Updated 02/26/16 THE BX OPTIONS MARKET SYSTEM SETTINGS Hours of Operation 7:30 a.m. ET System begins accepting orders. 9:25 a.m. ET System begins disseminating imbalance and price information for the opening
More informationRECENT SEC MARKET STRUCTURE INITIATIVES
CLIENT MEMORANDUM RECENT SEC MARKET STRUCTURE INITIATIVES The Securities and Exchange Commission (the SEC ), continuing its efforts in the area of market structure, recently: voted to adopt Rule 15c3-5
More informationPricing, fees, and rebates How do markets generate revenue?
Securities Trading: Principles and Procedures Chapter 17 Pricing, fees, and rebates How do markets generate revenue? 1 Overview: customers, brokers, and exchanges Transaction cost analysis takes the customer
More informationGtrade manual version 2.04 updated
Gtrade manual version 2.04 updated 9.30.2016 Table of Contents Contents Table of Contents2 Getting started, Logging in and setting display language in TurboTick Pro3 Level 25 Order Entry8 Streamlined Order
More informationDark Liquidity Guide. Toronto Stock Exchange TSX Venture Exchange. Document Version: 1.6 Date of Issue: September 1, 2017
Dark Liquidity Guide Toronto Stock Exchange TSX Venture Exchange Document Version: 1.6 Date of Issue: September 1, 2017 Table of Contents 1. Introduction... 4 1.1 Overview... 4 1.2 Purpose... 4 1.3 Glossary...
More informationFREQUENTLY ASKED QUESTIONS: THE NASDAQ OPTIONS MARKET (NOM)
FREQUENTLY ASKED QUESTIONS: THE NASDAQ OPTIONS MARKET (NOM) 1. What are the hours of operation for The NASDAQ Options Market SM (NOM)? The daily system timeline is as follows (all Eastern Time): 7:30 a.m.
More informationPursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the Act ), 1 and
SECURITIES AND EXCHANGE COMMISSION (Release No. 34-80683; File No. SR-BatsBZX-2017-34) May 16, 2017 Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change to
More informationMKT LLC (the Exchange or NYSE MKT ) filed with the Securities and Exchange
SECURITIES AND EXCHANGE COMMISSION (Release No. 34-79242; File No. SR-NYSEMKT-2016-97) November 4, 2016 Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed
More informationImportant account related information
Disclosure Important account related information Highlights Each year, we are required to provide you with certain account related information. This information is outlined on the following pages. On May
More informationUS EQUITIES TRADES AND QUOTES ( TAQ ) CSV. Level 1 Overview
US EQUITIES TRADES AND QUOTES ( TAQ ) CSV Level 1 Overview Version 2.0 September 21, 2015 Copyright 2015 AlgoSeek, LLC. All rights reserved. 1 Contents INTRODUCTION... 3 DATA DISTRIBUTION AND COLLECTION...
More informationDescription. Contact Information. Signature. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C Form 19b-4. Page 1 of * 34
OMB APPROVAL Required fields are shown with yellow backgrounds and asterisks. OMB Number: 3235-0045 Estimated average burden hours per response...38 Page 1 of * 34 SECURITIES AND EXCHANGE COMMISSION WASHINGTON,
More informationAliceblue Mobile App. User Manual
Aliceblue Mobile App User Manual Introduction Aliceblue Mobile Application gives the Investor Clients of the Brokerage House the convenience of secure and real time access to quotes and trading. The services
More informationChapter 383 E-mini Russell 1000 Index Futures
38300. SCOPE OF CHAPTER Chapter 383 E-mini Russell 1000 Index Futures This chapter is limited in application to E-mini Russell 1000 Index futures ( futures ). In addition to this chapter, futures shall
More informationBank e-auctions. Bidder Participation & Online Bidding Manual (Submission of KYC documents and Bidding Process)
Bank e-auctions Bidder Participation & Online Bidding Manual (Submission of KYC documents and Bidding Process) Web-portal: https://www.bankeauctions.com Home Page Important Points KYC / EMD Submission
More informationU.S. Equities Auction Feed Specification. Version 1.3.0
U.S. Equities Auction Feed Specification Version 1.3.0 July 3, 2018 Contents 1 Introduction... 3 1.1 Overview... 3 1.2 Halt and IPO Quote-Only Period... 3 1.3 Feed Connectivity Requirements... 3 2 Protocol...
More informationNet Order Imbalance Indicator Support Document
Net Order Imbalance Indicator Support Document The Net Order Imbalance Indicator (NOII) can have a positive impact on a trader s ability to perform effectively in a highly competitive environment. This
More informationSelf-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and
This document is scheduled to be published in the Federal Register on 03/13/2018 and available online at https://federalregister.gov/d/2018-04963, and on FDsys.gov SECURITIES AND EXCHANGE COMMISSION [Release
More informationCiti Order Routing and Execution, LLC ( CORE ) Order Handling Document
Citi Order Routing and Execution, LLC ( CORE ) Order Handling Document CORE s automated systems have been designed and are routinely enhanced to automatically provide the highest level of regulatory compliance
More informationIntroduction to Client Online
Introduction to Client Online Bibby Factors International Guide 1 InternationalFactoringNewClientBibbyUKopsSept15 Introduction 3 Logging In 5 Welcome Screen 6 Navigation 7 Viewing Your Account 9 Invoice
More informationVersion Updated: December 20, 2017
Version 1.05 Updated: December 20, 2017 Copyright 201 Exchange LLC. All rights reserved. This document may not be modified, reproduced, or redistributed without the written permission of IEX Group, Inc.
More informationIntroduction to Client Online
Introduction to Client Online Construction Finance Guide ConstructionFinanceNewClientsV2Sept15 Contents Introduction 3 Welcome to your introduction to Client Online 3 If you have any questions 3 Logging
More informationMeans the Securities and Exchange Commission (SEC) Means the Nigerian Stock Exchange (NSE)
PROPOSAL FOR MARKET MAKING ON THE NIGERIAN STOCK EXCHANGE DEFINITION The Commission The Exchange Dealing Member Instruments Market Maker Market Making National Best Bid (NBB) National Best Offer (NBO)
More informationCboe End-of-Day ETP Key Values Feed Specification. Version 1.0.3
Cboe End-of-Day ETP Key Values Feed Specification Version 1.0.3 June 15, 2018 Contents 1 Introduction... 3 2 Protocol... 4 2.1 Format... 4 2.2 Availability... 4 2.3 File Name... 4 3 File Layout and Field
More informationSection 19(b)(3)(A) * Section 19(b)(3)(B) * Section 19(b)(2) * Rule. 19b-4(f)(1) 19b-4(f)(2) (Title *) Title * Chief Regulatory Officer
OMB APPROVAL Required fields are shown with yellow backgrounds and asterisks. OMB Number: 3235-0045 Estimated average burden hours per response...38 Page 1 of * 83 SECURITIES AND EXCHANGE COMMISSION WASHINGTON,
More informationNasdaq Trader Manual
Nasdaq Trader Manual Notice: This manual is in no way intended to be a substitution for, or relied upon in lieu of, the rules contained in the NASD Manual. The design and information contained in this
More informationTHE CM TRADING METATRADER 4 USER GUIDE:
THE CM TRADING METATRADER 4 USER GUIDE: THE MAIN SCREEN Main menu (access to the program menu and settings); Toolbars (quick access to the program features and settings); Market Watch window (real-time
More informationRegulatory Circular RG14-040
Regulatory Circular RG14-040 Date: November 10, 2014 To: Trading Privilege Holders From: CBOE Research and Product Development Department CFE Business Development RE: CBOE/CBOT 10 Year Treasury-Note Volatility
More informationMay 22, CBOE Futures Exchange, LLC Rule Certification Submission Number CFE
May 22, 2015 Christopher J. Kirkpatrick Secretary Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, N.W. Washington, D.C. 20581 Re: CBOE Futures Exchange, LLC Rule Certification
More informationRegulatory Circular RG15-006
Regulatory Circular RG15-006 Date: January 27, 2015 To: Trading Privilege Holders From: CBOE Research and Product Development Department CFE Business Development RE: CBOE/CBOT 10 Year Treasury-Note Volatility
More informationContents 1. Login Layout Settings DEFAULTS CONFIRMATIONS ENVIRONMENT CHARTS
USER GUIDE Contents 1. Login... 3 2. Layout... 4 3. Settings... 5 3.1. DEFAULTS... 5 3.2. CONFIRMATIONS... 6 3.3. ENVIRONMENT... 6 3.4. CHARTS... 7 3.5. TOOLBAR... 10 3.6. DRAWING TOOLS... 10 3.7. INDICATORS...
More informationPursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ( Act ), 1 and Rule
This document is scheduled to be published in the Federal Register on 11/19/2013 and available online at http://federalregister.gov/a/2013-27626, and on FDsys.gov 8011-01p SECURITIES AND EXCHANGE COMMISSION
More informationNLS Plus. Version 2.1
NLS Plus Version 2.1 A trade-by-trade data feed with Nasdaq, Nasdaq BX and Nasdaq PSX transactions and consolidated volume information for U.S. exchange-listed equities Page 1 Table of Contents 1 Product
More informationChapter 362 E-mini Standard and Poor's Midcap 400 Stock Price Index Futures
36200. SCOPE OF CHAPTER Chapter 362 E-mini Standard and Poor's Midcap 400 Stock Price Index Futures This chapter is limited in application to E-mini S&P Midcap 400 Stock Price Index futures ( futures ).
More informationMetatrader 4 (MT4) User Guide
Metatrader 4 (MT4) User Guide Installation Download the MetaTrader4 demo platform from the Tradesto website:- https://members.tradesto.com/tradestoco4setup.exe Launch the installation file the same way
More informationInteractive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending December 31, 2016
Interactive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending December 31, 2016 I. Introduction Interactive Brokers ( IB ) has prepared this report pursuant to a U.S. Securities and Exchange
More informationInteractive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending March 30, 2016
Interactive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending March 30, 2016 I. Introduction Interactive Brokers ( IB ) has prepared this report pursuant to a U.S. Securities and Exchange
More informationInteractive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending December 31, 2017
Interactive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending December 31, 2017 I. Introduction Interactive Brokers ( IB ) has prepared this report pursuant to a U.S. Securities and Exchange
More informationInteractive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending December 31, 2018
Interactive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending December 31, 2018 I. Introduction Interactive Brokers ( IB ) has prepared this report pursuant to a U.S. Securities and Exchange
More informationNASDAQ Opening and Closing Crosses and the Net Order Imbalance Indicator (NOII) Guide
NASDAQ Opening and Closing Crosses and the Net Order Imbalance Indicator (NOII) Guide Access Through the NASDAQ Workstation and Select Service Bureaus Table of Contents One of the primary benefits of the
More informationIf you cannot recall your User ID you will want to contact us at option 3and we will be able to provide your User ID.
Frequently Asked Questions Logging In/Navigating Online Banking What if I can't remember my User ID? If you cannot recall your User ID you will want to contact us at 319-393-9000 option 3and we will be
More informationNASDAQ OMX PSX TotalView-ITCH 4.1
NASDAQ OMX PSX TotalView-ITCH 4.1 For PSX Trading Venue NASDAQ OMX Global Data Products 6/12/2014 6/12/2014 1 1 Overview NASDAQ OMX PSX TotalView-ITCH 4.1 ITCH is the revolutionary NASDAQ OMX outbound
More informationEDSI Web Benefits. Paylocity Web Benefits
EDSI Web Benefits Paylocity Web Benefits EDSI January 2, 2013 Welcome to EDSI Benefits Now you can make your benefit elections online! You can access Web Benefits directly from Paylocity Web Pay. For any
More informationNASDAQ GLIMPSE 3.2. All numeric fields are composed of a string of ASCII coded digits, right justified and space filled on the left.
NASDAQ GLIMPSE 3.2 1. Overview A complement to the NASDAQ TotalView-ITCH real-time data feed product, NASDAQ GLIMPSE 3.2 is a point-to-point data feed connection that provides direct data feed customers
More informationInteractive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending September 30, 2017
Interactive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending September 30, 2017 I. Introduction Interactive Brokers ( IB ) has prepared this report pursuant to a U.S. Securities and Exchange
More informationCboe EDGX Exchange, Inc.
Cboe EDGX Exchange, Inc. Rules of Cboe EDGX Exchange, Inc. (Updated as of February 14, 2018) TABLE OF CONTENTS CHAPTER I. ADOPTION, INTERPRETATION AND APPLICATION OF RULES, AND DEFINITIONS... 2 Rule 1.1.
More informationInteractive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending September 30, 2015
Interactive Brokers Rule 606 Quarterly Order Routing Report Quarter Ending September 30, 2015 I. Introduction Interactive Brokers ( IB ) has prepared this report pursuant to a U.S. Securities and Exchange
More informationSection 19(b)(3)(A) * Section 19(b)(3)(B) * Section 19(b)(2) * Rule. 19b-4(f)(1) 19b-4(f)(2) (Title *) Executive Vice President and General Counsel
OMB APPROVAL Required fields are shown with yellow backgrounds and asterisks. OMB Number: 3235-0045 Estimated average burden hours per response...38 Page 1 of * 19 SECURITIES AND EXCHANGE COMMISSION WASHINGTON,
More informationCboe EDGA Exchange, Inc.
Cboe EDGA Exchange, Inc. Rules of Cboe EDGA Exchange, Inc. (Updated as of April 13, 2018) TABLE OF CONTENTS Page ADOPTION, INTERPRETATION AND APPLICATION OF RULES, AND DEFINITIONS... 1 Adoption of Exchange
More informationDRECT Market Guide Version 7.0
DRECT Market Guide Version 7.0 october 2012 DRECT マーケット ガイド 2 CONTENTS 1. Introduction... 3 2. Features... 4 Crossing Engine... 4 Universe Hours Currencies Internal Market Structure and Matching Rules
More informationCFE TECHNICAL INTEGRATION FREQUENTLY ASKED QUESTIONS
CFE TECHNICAL INTEGRATION FREQUENTLY ASKED QUESTIONS Last Updated: 01/23/18 GENERAL QUESTIONS What are the immediate effects of this transaction on me as a Trading Privilege Holder (TPH)? While we ll be
More informationChapter 389 S&P MLP Total Return Index Futures
Chapter 389 S&P MLP Total Return Index Futures 38900. SCOPE OF CHAPTER This chapter is limited in application to Standard & Poor s Master Limited Partnership Total Return Index futures ( futures ). In
More informationNASDAQ Best Bid and Offer (QBBO) Version 2.0
NASDAQ Best Bid and Offer (QBBO) Version 2.0 Distributed by: NASDAQ OMX Global Data Products 805 King Farm Blvd Rockville, MD 20850 U.S.A. +1 301 978 5307 1 Product Description NASDAQ Best Bid and Offer
More informationCOUNT ONLINE BROKING USER GUIDE
Welcome to the Count Online Broking website, offering market-leading functionality to help you get more from your online trading and investing: Powerful charting giving you valuable insight into client
More informationETF Implied Liquidity Feed Specification. Version 1.0.2
Specification Version 1.0.2 October 17, 2017 Contents 1 Introduction... 3 1.1 Overview... 3 2 Protocol... 3 2.1 Message Format... 3 2.2 Sequence Numbers... 3 2.3 Sessions... 3 3 Implied Liquidity Update
More informationCommsec Adviser Services User Guide
Commsec Adviser Services User Guide Welcome to the CommSec Adviser Services trading website, offering market-leading functionality to help you get more from your online trading and investing: Powerful
More informationChapter 8: Transaction costs
Securities Trading: Principles and Procedures Chapter 8: Transaction costs What does it cost to trade? The long-term investor vs. the short-term trader We often differentiate investment and trading activities
More informationPursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the Act ), 1 and
This document is scheduled to be published in the Federal Register on 09/14/2016 and available online at https://federalregister.gov/d/2016-22028, and on FDsys.gov 8011-01 SECURITIES AND EXCHANGE COMMISSION
More informationCanada Life Automated Self Service
Canada Life Automated Self Service User Manual How to renew a policy cl ss Canada Life Automated Self Service How do I access? can be accessed at www.canadalife.co.uk/class or through the main Canada Life
More informationState of Oklahoma NASCIO Recognition Awards Nomination. Electronic Trading System
State of Oklahoma 2009 NASCIO Recognition Awards Nomination Electronic Trading System State Treasurer Nominating Category: Digital Government: Government to Business (G to B) Lead, Support, Serve B. Executive
More informationGuidance Respecting the Expansion of Single-Stock Circuit Breakers
Rules Notice Guidance Note UMIR Please distribute internally to: Institutional Legal and Compliance Operations Retail Senior Management Trading Desk Training Contact: Kevin McCoy Director, Market Regulation
More informationFidelity Active Trader Pro Directed Trading User Agreement
Fidelity Active Trader Pro Directed Trading User Agreement Important: Using Fidelity's directed trading functionality is subject to the Fidelity Active Trader Pro Directed Trading User Agreement (the 'Directed
More information